HW Chapter 9 and 10

Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021: Cost $130,000 415,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $150,000 600,000 35,000 55,000 620,000 The average cost-to-retail percentage is: Multiple Choice O 72.2%. O 81.5%. O 76.8% 75.0%. O